Jamal M.

asked • 04/12/13

Use the formula for compound interest to find A

A= P(1+r^n)

P=$30,000,r=0.14, and n= 3years

At the end of 3 years A is how much in dollars ?

(round to the nearest cent) 

1 Expert Answer

By:

John R. answered • 04/12/13

Tutor
4.6 (55)

John R: Math, Science, and History Teacher

Jamal M.

The correct answer was 44446.32

Report

04/12/13

John R.

Was the interest compounded yearly, or was it more often then that?

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04/12/13

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